Adam Leitman Bailey Articles

Adam Leitman Bailey Articles

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Tag Archives: Home purchase

Adam Leitman Bailey, P.C. Massively Reduces Alteration Fee Penalties Totaling Over 1 Million Dollars for Central Park West Apartments

  • Tom Furst

Adam Leitman Bailey, P.C.’s client, a co-op owner of two adjoining luxury apartments facing Central Park West, undertook a major renovation nearly four years ago, and is only now being completed. The alteration rules of this co-op are very stringent, and in particular the Alteration Agreement imposed very stiff fines for late completion. Furthermore, the longer the completion delay, the faster pace  Full Article…

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How the New Tax Law Affects the Mortgage Interest Deduction

  • Mortgage Finance Practice Group, Purchase & Sale of Homes

The Tax Cuts and Jobs Act was signed into law at the end of 2017 and will have an impact on homeowners in the United States. The mortgage interest deduction on a mortgage taken to purchase a home prior to December 14, 2017 allows a borrower to deduct interest on up to $1 million in  Full Article…

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Some Buyers Regret Not Asking: Anyone Die Here? The New York Times

  • Purchase & Sale of Homes

By Stephanie Rosenbloom …Just as in New York, sellers in New Jersey are not required to tell buyers about a death on a property, or a rumor of a haunted house. “If it doesn’t harm the property, under no circumstances do you have to report it,” said Adam Leitman Bailey, who practices real estate law  Full Article…

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Hot Real Estate Deals: The Best and Worst of 2013

  • Purchase & Sale of Homes

by Kate Rogers | Published February 11, 2013 | FOXBusiness We may only be two months into the year, but 2013 is shaping up be a solid year for the real estate market. With record-low interest rates and other investments still on shaky ground, some experts are pointing to real estate as a prime investment  Full Article…

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What a Revolting Development

  • Condominium & Cooperative Representation, Condominium/Board of Managers Representation of Newly Constructed Buildings & Conversions, Purchase & Sale of Homes

By S. Jhoanna Robledo Published In 2004, Meggan Berley and her husband, empty-nesters in Dobbs Ferry, ditched their longtime rental  and bought a new condominium on Spencer Street in Brooklyn. Then the headaches began. On movein day, the floors weren’t finished and the kitchen cabinets had no doors. The Berleys lived amid construction for weeks. Then  Full Article…

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The Downside for Condos in a Downturn

  • Purchase & Sale of Homes

By TERI KARUSH ROGERS DURING the recent boom, buyers who coveted condos for their sex appeal  could also make the case that condos were a smarter choice than co-ops. In theory, you didn’t have to prostrate yourself, financially and otherwise, before a board for approval, and you could sell or rent pretty much to whomever you  Full Article…

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Realty Law Digest–New York Law Journal

  • Condominium & Cooperative Representation, Landlord Representation, Purchase & Sale of Homes

Realty Law Digest Scott E. Mollen New York Law Journal | March 16, 2011 Co-Ops — Sellers Rented Apartment Before Board Approved the Pending Sale of Their Co-Op and Board Rejected the Sale — Sellers Sued — Individual Board Members Had No Personal Liability— NYS Human Rights Law — Federal Fair Housing Act— Breach of Fiduciary Duty —  Full Article…

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right of first refusal Adam Leitman Bailey

Drafting a Better and More Effective Right of First Refusal

  • Adam Leitman Bailey, Commercial Leasing Services

By: Adam Leitman Bailey & John M. Desiderio January 1st, 2007 Land transfers date back to biblical times and have been the subject of an inordinate amount of litigation. Of course, the importance and value of land and the necessity for shelter might help to explain many of the disputes. Some, however, are due to human  Full Article…

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RECENT POSTS

  • Adam Leitman Bailey, P.C. Defeats Summary Judgment by Long-Term Squatter Claiming Adverse Possession to Part of its Client’s Commercial Building
  • Escaping the Default Formula at the DHCR
  • Adam Leitman Bailey, P.C. Forces Cooperative to Approve Alteration Plans and Settles Discrimination Lawsuit
  • Adam Leitman Bailey, P.C. Secures Dismissal of Claims Against Individual Sponsor Principals in a Construction Defects Litigation
  • Adam Leitman Bailey, P.C. Successfully Defeats Former Co-Op Board President’s Attempt to Enjoin Certification of Board Election Results and to Require New Election

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